IDBI Bank says not being probed over Kingfisher loan

MUMBAI Tue Aug 12, 2014 1:11pm IST

People are silhouetted as Kingfisher Airlines' aircrafts are seen parked at an airport in New Delhi October 1, 2012. REUTERS/Mansi Thapliyal/Files

People are silhouetted as Kingfisher Airlines' aircrafts are seen parked at an airport in New Delhi October 1, 2012.

Credit: Reuters/Mansi Thapliyal/Files

Related Topics

Stocks

   

MUMBAI (Reuters) - State-run lender IDBI Bank Ltd (IDBI.NS) said on Tuesday it is not being investigated by the Central Bureau of Investigation (CBI) over a loan to the now-grounded carrier Kingfisher Airlines Ltd (KING.NS).

The CBI has launched an initial probe over the loan against both companies, a spokeswoman for the agency said on Saturday.

"The preliminary enquiry initiated by CBI a few months ago is against the borrower...and not against IDBI Bank, as reported in the media," the lender said in a stock exchange filing.

"The Bank has been providing all the information and documents sought by the agency in the matter and will continue to extend full assistance to the agency in the said enquiry," it said.

(Reporting by Devidutta Tripathy; Editing by Anupama Dwivedi)

FILED UNDER:

Reuters Showcase

Trading Fees

Trading Fees

BSE slashes fees in FX derivatives battle with NSE  Full Article 

SpiceJet Turnaround

SpiceJet Turnaround

SpiceJet board approves up to $243 mln share sale plan  Full Article 

Currency Market

Currency Market

RBI urges companies to hedge FX exposure  Full Article 

Uber's Woes

Uber's Woes

Delhi Uber passenger who alleges driver rape sues in U.S.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage